Minister didn't imply longer repayments the solution

I refer to your report on Oct 26, 2012, entitled ‘Longer repayments won't solve high car price woes' where Dato' Sri Mustapa Mohamed was reported to have mentioned "flexi-payment schemes offered by banks specifically to students and graduates that offer longer repayment periods can help the rakyat deal with high car prices".

Allow me to clarify that in reply to a question in Dewan Rakyat on Oct 24, 2012, Dato' Sri Mustapa said that a certain car maker in Malaysia has "offered 50 percent discounts in maintenance cost for two years, low installments, insurance incentives, free driving license" and "it is understood that a few more companies will be making announcements in the near future offering incentives to enable the Rakyat to buy cars at lower prices" (Please refer to Hansard quotation below).

The minister did not represent, suggest or imply in any manner that longer repayments of loan would solve the problem of high car price.

We are deeply concerned by the reactions from your readers and appreciate if you could assist in clarifying this matter.